Candlesticks and intuition: seeking confirmation in a volatile market
Once a forex trader understands that candlesticks give an indication of market psychology and enthusiasm (or lack thereof) at a given point in time, deciphering their meaning becomes intuitive.
Consider the current one-hour chart of USD/JPY, below:

It takes little imagination to see that the candlesticks inside the violet […]

Read More

In forex trading, a doji candlestick is formed when the open and close prices for a specified time period are the same or within a few pips of each other, forming a small or non-existent body. The wicks can be long or short, above or below or both, but it is the small body that […]

Read More